New Delhi, March 16 -- Silver prices slipped over 2.5% on Monday, March 16 even as the dollar softened, with bullion caught between two competing forces. On one hand, a weaker greenback and lower US Treasury yields offered some support to precious metals. On the other, stubbornly high oil prices kept inflation worries alive, which in turn reduced expectations of any near-term interest-rate cuts from the US Federal Reserve.

MCX Silver rate fell 2.6% to Rs.2,52,700per kg while MCX Gold lost 1.55% to Rs.1,56,000 per 10 gram

In the international markets however, Spot silver rose 0.1% to $80.62 per ounce, suggesting some resilience in the broader metals complex even as gold remained range-bound. Meanwhile, Spot gold edged up 0.1% to $5,020.7...